GBP/USD daily chart
- GBP/USD is trading above 1.3000 figure and its 100 and 200 SMAs.
- Fed’s Powell speech sent the USD higher across the board.
GBP/USD 4-hour chart
- GBP/USD rejected the 1.3100 figure and the 200 SMA.
GBP/USD 30-minute chart
- GBP/USD is trading below its 50 SMA suggesting a correcting down in the short-term.
- The slide might be limited to 1.3030 support while bulls can still lift the market towards 1.3070 and 1.3100 if they gather enough steam.
- On the flip side, a breach below 1.3030 can open the gates to 1.2950 level.
Additional key levels
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